Gazprom becomes first Russian energy company to conduct independent audit of greenhouse gas emissions
Gazprom became the first Russian energy company to perform an independent audit review (assurance) of corporate information on greenhouse gas emissions. The audit was carried out by KPMG, an audit and advisory company, in compliance with international standards.
The positive results of the independent audit review prove the efficiency of the corporate system for greenhouse gas monitoring, accounting and management.
According to calculations, greenhouse gas emissions by Gazprom’s core businesses – the production, transportation, underground storage and processing facilities – are on the decline. In 2017, such emissions totaled 112.15 million tons in CO2 equivalent, a drop of 12.9 per cent from 2013 at roughly the same production levels.
KPMG is an international network of companies with over 200,000 employees providing audit, tax and advisory services in 154 countries across the globe. Working in Russia since 1990, KPMG is the largest auditing firm in the country (according to RAEX).
Gazprom leads the climate ranking of Russian energy companies compiled by CDP (Carbon Disclosure Project, an international initiative for the disclosure of information on greenhouse gas emissions).
Greenhouse gas management is part of Gazprom’s corporate strategy. There is a corporate system in place for inventorying, monitoring and accounting for greenhouse gas emissions at the Company’s facilities, providing stakeholders with objective information.